Sears and Computer Sciences settle contract dispute

RobertDaniel

TEL AVIV (MarketWatch) -- Sears Holdings
SHLD, +0.43%
and Computer Sciences Corp.
CSC, +1.66%
late on Monday said they settled a contract dispute arising out of a 10-year information-technology-outsourcing agreement they entered in May 2004. Under the terms, the Hoffmann Estates, Ill., retailing firm will pay an amount to the El Segundo, Calif., IT-services provider. The amount wasn't disclosed. Neither company expects the settlement to have a material effect on its financial position.

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